BLK
BlackRock, Inc.
BLK trails on the overall score without a compensating advantage in the available component scores.
NTRS
Northern Trust Corporation
NTRS has the edge over BLK overall, supported by stronger valuation and stronger modeled upside.
BLK Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
BLK's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like BLK.
NTRS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
NTRS's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like NTRS.
BLK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 19x | $848 | -30% |
| Fair | 22x | $973 | -20% |
| Expensive | 26x | $1,149 | -5.5% |
| Current | 28x | $1,217 | — |
Historical ranges are pointers, not guarantees.
BLK's PE is in its expensive range at 28x.
NTRS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 12x | $155 | -13% |
| Current | 14x | $178 | — |
| Forward | 14x | $178 | — |
| Fair | 15x | $188 | +6% |
| Expensive | 18x | $235 | +32% |
Historical ranges are pointers, not guarantees.
NTRS has the edge over BLK in the historical PE scenario, which offers more potential upside but is not a forecast.
BLK Forward outlook
There aren't enough analyst estimates for BLK to show an outlook.
NTRS Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect NTRS's earnings to grow and its profitability to improve, with its revenue holding steady.
BLK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $43.87 | +11% |
| Q2 2026 | $41.73 | -0.4% |
| Q1 2026 | $39.73 | -4.7% |
| Q4 2025 | $35.31 | -17% |
| Q3 2025 | $39.42 | -2.7% |
| Q2 2025 | $41.89 | +4% |
| Q1 2025 | $41.69 | +5.9% |
| Q4 2024 | $42.53 | +16% |
BLK earned $43.87 per share over the past year, up 11% from the year before.
NTRS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $12.59 | -1.3% |
| Q3 2026 | $12.76 | +49% |
| Q2 2026 | $11.65 | +37% |
| Q1 2026 | $9.55 | -11% |
| Q4 2025 | $8.74 | -11% |
| Q3 2025 | $8.57 | +6.6% |
| Q2 2025 | $8.50 | +16% |
| Q1 2025 | $10.71 | +136% |
| Q4 2024 | $9.77 | +92% |
NTRS has the edge over BLK on earnings, with more consistent year-over-year improvement.
BLK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $7.8B | +19% |
| Q2 2026 | $7.1B | +31% |
| Q1 2026 | $6.7B | +27% |
| Q4 2025 | $7B | +23% |
| Q3 2025 | $6.5B | +25% |
| Q2 2025 | $5.4B | +13% |
| Q1 2025 | $5.3B | +12% |
| Q4 2024 | $5.7B | +23% |
BLK has the edge over NTRS on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 30% | 0 points |
| Q2 2026 | 35% | +2.8 points |
| Q1 2026 | 42% | +9.8 points |
| Q4 2025 | 24% | -13 points |
| Q3 2025 | 30% | -8.6 points |
| Q2 2025 | 32% | -5.5 points |
| Q1 2025 | 32% | -3.6 points |
| Q4 2024 | 37% | +2.3 points |
BLK's operating margin was 30% last quarter, about level with the same quarter a year ago, near the bottom of its range since 2019.
NTRS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.3B | +13% |
| Q2 2026 | $2.7B | +35% |
| Q1 2026 | $2.2B | +14% |
| Q4 2025 | $2.1B | +8.3% |
| Q3 2025 | $2B | +2.9% |
| Q2 2025 | $2B | -26% |
| Q1 2025 | $1.9B | +18% |
| Q4 2024 | $2B | +27% |
NTRS's revenue is recovering but still below its 2024 peak: $2.3B last quarter, up 13% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 35% | +4.1 points |
| Q2 2026 | 39% | +11 points |
| Q1 2026 | 32% | +4.9 points |
| Q4 2025 | 30% | -0.5 points |
| Q3 2025 | 31% | +0.1 points |
| Q2 2025 | 28% | -15 points |
| Q1 2025 | 27% | +9.2 points |
| Q4 2024 | 30% | +21 points |
NTRS has the edge over BLK on profitability, with a higher operating margin.
BLK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $2.6B | +95% |
| Q2 2026 | $1.1B | -12% |
| Q1 2026 | -$1.1B | +$120M |
| Q4 2025 | $2.1B | -15% |
| Q2 2025 | $1.3B | -6.1% |
| Q1 2025 | -$1.2B | -$734M |
| Q4 2024 | $2.5B | +35% |
| Q2 2024 | $1.4B | +47% |
BLK has the edge over NTRS on cash flow, with more consistent year-over-year improvement.
NTRS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.8B | +254% |
| Q2 2026 | -$90.3M | -105% |
| Q1 2026 | -$329.4M | -112% |
| Q4 2025 | $355.6M | +$3B |
| Q3 2025 | $509.4M | -13% |
| Q2 2025 | $1.9B | -37% |
| Q1 2025 | $2.7B | +$4.2B |
| Q4 2024 | -$2.7B | -198% |
NTRS's free cash flow was $1.7B over the past year, down 28% from the year before. Free cash flow isn't a meaningful measure for financial services companies like NTRS.
BLK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -148K shares |
| 1 year | -0.4% | -677K shares |
| 3 years | +9.3% | +14M shares |
| 5 years | +6.2% | +9.6M shares |
| Available history | +4.4% | +7M shares |
BLK has 165M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q2 2025 | $396M |
| Q1 2025 | $657M |
| Q4 2024 | $386M |
| Q2 2024 | $519M |
| Q1 2024 | $634M |
| Q4 2023 | $384M |
| Q3 2023 | $396M |
| Q2 2023 | $383M |
NTRS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.9% | -1.7M shares |
| 1 year | -4.1% | -7.8M shares |
| 3 years | -12% | -24.1M shares |
| 5 years | -12% | -25.7M shares |
| Available history | -15% | -32.4M shares |
NTRS has the edge over BLK on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $352.3M |
| Q2 2026 | $350.6M |
| Q1 2026 | $358.9M |
| Q4 2025 | $369.9M |
| Q3 2025 | $277M |
| Q2 2025 | $339.4M |
| Q1 2025 | $287.2M |
| Q4 2024 | $253.6M |
NTRS spent $1.4B buying back its own shares over the past year, up 24% from the year before.
BLK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.0x | Net Cash |
| Q2 2026 | 0.2x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.2x | Very low |
| Q3 2025 | 0.3x | Very low |
| Q2 2024 | 0.2x | Very low |
| Q1 2024 | 0.3x | Very low |
| Q4 2023 | 0.1x | Very low |
BLK has the edge over NTRS on leverage, with a lower net debt burden relative to earnings.
NTRS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.4x | Healthy |
| Q2 2026 | 1.6x | Healthy |
| Q1 2026 | 1.6x | Healthy |
| Q4 2025 | 2.2x | Moderate |
| Q3 2025 | 1.3x | Healthy |
| Q2 2025 | 1.0x | Very low |
| Q1 2025 | 1.4x | Healthy |
| Q4 2024 | 2.0x | Healthy |
NTRS's net debt is about 1.4 years of its operating earnings (EBITDA), about the same as a year ago. Net leverage isn't a meaningful measure for financial services companies like NTRS.
BLK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 64.5 | Neutral |
| Stochastic | 79.0 | Neutral |
BLK's weekly RSI is 64 (neutral) and its Stochastic is 79 (neutral).
NTRS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 56.4 | Neutral |
| Stochastic | 37.9 | Neutral |
NTRS's weekly RSI is 56 (neutral) and its Stochastic is 38 (neutral).
BLK PE vs Financial Services Sector
| Metric | BLK | Sector median | Relative |
|---|---|---|---|
| PE | 28x | 13x | 113% above |
| PE % | 97 | 63 | 34 pts above |
BLK is trading at 28x earnings, a 113% premium to the Financial Services sector's median of 13x.
NTRS PE vs Financial Services Sector
| Metric | NTRS | Sector median | Relative |
|---|---|---|---|
| PE | 14x | 13x | 7% above |
| PE % | 42 | 63 | 21 pts below |
NTRS has the edge over BLK on valuation relative to its sector.
BLK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1,128.0 | 7.9% above |
| 20 week MA | $1,108.9 | 9.7% above |
| 50 week MA | $1,071.6 | 14% above |
| 100 week MA | $1,051.1 | 16% above |
| 200 week MA | $914.1 | 33% above |
BLK has the edge over NTRS on trend strength, trading above more of its moving averages.
NTRS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $171.1 | 3.9% above |
| 20 week MA | $178.9 | 0.7% below |
| 50 week MA | $162.4 | 9.4% above |
| 100 week MA | $138.6 | 28% above |
| 200 week MA | $111.2 | 60% above |
NTRS's trend is mixed: it's above four of its five weekly moving averages, and 60% above its 200-week average.
BLK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $503.0 | $707.2 | +41% |
| 2021 | $707.2 | $913.9 | +29% |
| 2022 | $913.9 | $703.9 | -23% |
| 2023 | $703.9 | $811.8 | +15% |
| 2024 | $811.8 | $1,044.2 | +29% |
| 2025 | $1,044.2 | $1,088.1 | +4.2% |
| 2026 YTD | $1,088.1 | $1,216.6 | +12% |
BLK has finished higher in five of the last six years. It's up 12% so far in 2026.
NTRS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $107.0 | $91.6 | -14% |
| 2021 | $91.6 | $118.2 | +29% |
| 2022 | $118.2 | $88.0 | -26% |
| 2023 | $88.0 | $84.4 | -4.1% |
| 2024 | $84.4 | $103.8 | +23% |
| 2025 | $103.8 | $140.1 | +35% |
| 2026 YTD | $140.1 | $177.7 | +27% |
NTRS has the edge over BLK on returns for 2026, with the stronger performance.